Information about India.
|ISO code/s||IN / IND|
India (officially the Republic of India), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north-east; and Burma and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.
|Hindustan Times||Gandhi image missing on Rs 2,000 notes, MP bank says currency not fake|
|Jan. 5, 2017|
A clutch of new Rs 2,000 banknotes without Mahatma Gandhi’s image triggered panic among villagers in Madhya Pradesh’s Sheopur district, as they thought these bills were counterfeits.
Bank officials assured later that the notes are good but a possible printing mistake removed the ever-familiar embossed picture of the Father of the Nation.
|Australian Broadcasting Corporation||India abolishes 500 and 1,000 rupee banknotes in 'surgical strike' against 'black money'|
|Nov. 9, 2016|
Indian Prime Minister Narendra Modi has announced that 500 and 1,000 rupee banknotes will be withdrawn from circulation as part of a crackdown on rampant corruption and counterfeit currency.
As of midnight on Tuesday (local time), the country's two largest banknotes, were no longer considered legal tender - Mr Modi made the snap announcement just hours before.
The surprise step appears designed to bring billions of dollars worth of cash in unaccounted wealth into the mainstream economy, as well as hit the finances of Islamist militants who target India and are suspected of using fake 500 rupee ($19.75) notes to fund operations.
|BBC||India scraps 500 and 1,000 rupee bank notes overnight|
|Nov. 9, 2016|
Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial system overnight. The surprise move, announced on Tuesday evening, is part of a crackdown on corruption and illegal cash holdings.
Banks will be closed on Wednesday and ATM machines will not be working. India is overwhelmingly a cash economy. New 500 and 2,000 rupee denomination notes will be issued to replace those removed from circulation.
|Hindustan Times||Newly designed Indian currency notes likely soon|
|May 20, 2016|
Newly-designed currency notes are likely to circulate in the country soon with the Reserve Bank of India board on Thursday recommending a new set of designs for the banknotes.
“The Central Board also discussed and recommended to the government a set of designs for the new banknotes series which, on approval from the government, will be introduced in due course,” an RBI statement said.
|India Today||Narendra Modi releases Rs 125 coin: Some unknown things that you must know|
|Dec. 7, 2015|
Prime Minister Narendra Modi has released two commemorative coins of Rs 125 and Rs 10 on December 6, 2015, in the memory of Dr. Babasaheb Ambedkar. On Mahaparinirvan Divas, Narendra Modi released the coins and paid tributes to Babasaheb Ambedkar. Commemorative coins are coins which are released with an objective to commemorate and celebrate an occasion or an event. In past five years, the government has released many coins and of different figures.
|Reserve Bank of India||RBI to issue ₹ 500 banknotes with inset letter ‘R’|
|Dec. 4, 2015|
The Reserve Bank of India will shortly issue ₹ 500 denomination Banknotes in the Mahatma Gandhi Series-2005 with inset letter 'R' in both the numbering panels. The notes will bear the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 500 Banknotes in Mahatma Gandhi Series-2005 issued earlier, including the additional features, namely, the ascending size of numerals in the number panels, bleed lines and enlarged identification mark on the obverse. The notes with these features were introduced for the first time in September 2015.
All the Banknotes in the denomination of ₹ 500 issued by the Reserve Bank in the past will continue to be legal tender.